Wall Street will likely see worst earnings season in about three years, Nick Colas warns

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Disappointing earnings could wreck 2019's market rally, according to DataTrek Research's Nick Colas.

div > div.group > p:first-child"> DataTrek Research's Nicholas Colas believes the upcoming round of quarterly numbers will be the most contentious in about three years, and he's worried they could spark the next stock market downturn.

Colas' comments come a week before first quarter earnings season gets underway. J.P. Morgan Chase kicks off on Friday, April 12 before the market open. Even though analysts have been taking down their earnings forecasts, Colas doesn't think most investors are prepared for disappointing numbers.

 

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This commentator is misguided. Low earnings expectations are already built into the market. With the recent Fed pivot and increased China stimulus, the likelihood of positive forward looking statements has increased. The bar is low. That should be the headline.

Bullish

mcm_ct Bullish

And....?

Who is Nick Colas? Funny.

AlessioUrban Strongest economy ever!

I think we've heard this before.

Worst warning season, Why there is any earning pre announcement? Stop bringing these clowns who talked the market down.

No one wants to see the destruction of the market more than you guys. Keep up the good work, CNBC!

Right around the last year or so of Trumps second term. Because the prospects of a Democrat freezes markets and handcuffs economies.

'We're ALL Supply Siders now.'

Unlike under Obama, the nation's $ is now going out to the Middle Class a little more...not just Wall Street; as it clearly was exclusively doing because 'ol Barry's misguided Socialist bent... ObamaCommieKult

Short the market!

I wouldn't mind that. How else do value investors buy something dirt cheap.

Genius... 2.5 years after that I predict a BOOM!!! It’s called a cycle.

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